Stocks
China Business Summit to Open New Economic Doors: BSEC Chief
Prime Minister Sheikh Hasina’s visit to China has begun with a focus on trade and investment. To attract Chinese investors to Bangladesh, a business summit will be organized by Bangladesh. Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), commented that this summit could open new doors for Bangladesh’s economy.
Speaking to journalists via phone from Beijing on Monday night (July 8), he shared these insights. The BSEC is one of the main organizers of the Beijing Trade and Investment Summit.
The BSEC Chairman said, “Today, Bangladeshi business representatives have met with their Chinese counterparts. We are hopeful that tomorrow’s detailed discussions will yield positive outcomes. We expect this summit to pave the way for new Chinese investments in Bangladesh.”
He added, “Compared to past roadshows, we are receiving much more enthusiastic responses this time. There’s a lot of excitement about this event. We hope that our friendship with China will grow stronger, marking the beginning of a new chapter in our bilateral relations.”
The Ministry of Finance, Ministry of Commerce, Ministry of Foreign Affairs, BSEC, Bangladesh Investment Development Authority (BIDA), Bangladesh China Chamber of Commerce and Industry (BCCCI), and the Bangladeshi Embassy in Beijing have jointly organized the Beijing Trade and Investment Summit.
Prime Minister Sheikh Hasina is on a state visit to China to boost Chinese investments in major infrastructure projects and various sectors in Bangladesh, establish Chinese industries in Bangladesh, reduce the trade deficit, secure $7 billion in loan assistance, and enhance bilateral strategic relations. She arrived in Beijing on a four-day official visit on July 8.
The Prime Minister and her delegation left Hazrat Shahjalal International Airport on a Biman Bangladesh Airlines chartered flight at 11:10 am. They arrived in Beijing at 6:05 pm local time. During this visit, several agreements and memoranda of understanding are expected to be signed with China
Program Schedule
08:30 – 10:00: Guest Arrival, Registration & Networking
10:30 – 10:40: Welcome Speech
10:40 – 11:00: Presentation n Trade, Business & Investment Opportunities Between Bangladesh & China
11:00 – 11:10: Speech by the Ambassadors
11:!0 – 11:25: Speech by Business Representatives from China
11:25 – 11:30: Speech by the Guest of Honor from China
11:30 – 11:50: Speech by the Chief Guest
11:50 – 11:55: Exchange of MoU & Agreement
11:55 – 12:35: Panel Discussion
12:35 – 01:00: Vote of Thanks
01:00: Lunch Break
02:00 – 04:00: BREAKOUT SESSION
Season 1: Upgrading Infrastructure: paving for Development & Connectivity
Season 2: Towards Smart Bangladesh: Smart Technology & Communication
Season 3: Accelerating the Energy Transition
Season 4: Boosting Trade, Business & Investment
Season 5: Creating Opportunities in Agriculture & Agro-processing
Season 6: Advancing Benchmark in Textile & Leather
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
